Model Creation & Initial Setup

Starting a new model build can be very exciting, but also a bit overwhelming. Following these model configuration steps can help get your new project up and running with ease. In this chapter you will learn how to create a new blank model in your workspace, and configure the important components like Time and Versions.

Step 1 – Create a new model - Once you sign into your Anaplan workspace (and you can see your tiles/models) you will click your username in the top right corner > click ‘manage models’ > Anaplan will direct you to the Model Management page where you will click the ‘New’ option on the right hand side of the menu. Name the new model, and you are all set to start building.


Step 2 – Setup Time – Anaplan offers a variety of time related settings which will drive all line items and modules with the time dimension. The time settings that you configure will drive the overall model structure, but each line item and module can leverage mixed time scales such as day, week, month, quarter, and year.
Go to Settings>Time to configure the options below


Note: Anaplan allows for up to 50 future years of planning, however, timescale does have an impact on model size and may take up unnecessary workspace capacity.

Step 3 – Versions – Anaplan integrates versions as a dimension within the platform and will allow your organization to plan and compare different modelling scenarios. Having the ability to analyse version comparisons is crucial in effective planning and data analysis, and is easily leveraged within the Anaplan platform.
Go to Settings>Versions to configure. You will see that each model will include two default versions, Actual & Forecast. The Actual data is merged with the Forecast data via a ‘switchover date’ and can be configured to create a rolling forecast.

Adding a New Version & Variance Formula: Additional versions can be added to each model, including variance versions which can include formulas to compare any two existing versions. See below for example: